Blast From The Past - 6 Years Ago Today...

Tyler Durden's picture




 

Six years ago today, with the S&P 500 around 1460 - having risen 20% without a correction for seven months - a handful of Wall Street's best and brightest joined CNBC's Larry Kudlow and Bob Pisani to discuss the Goldilocks economy, why the bears are wrong, and where the market is going next. Sometimes, we just need a reminder to snap us out of that recency bias... for example, Bob Pisani: "We have got a global rally going on... and the important thing is... there's a floor to the market - every time, for the last seven months, they sell the market down for 2 days, it comes right back."

 

 

Ralph Acampora: "I'm bullish, but I don't think I am bullish enough...there's new leadership"

Larry Kudlow: "Goldilocks kicks some more butt and the bears of the last four years are wrong... as they climb the 'wall of worry'"

Bob Pisani: "Transports have been rallying - as the disaster that the bears keep talking about hasn't happened... When you are in a global expansion like this, to sell...is foolish."

and our favorite:

Bob Pisani: "People who keep talking about this real estate bubble don't understand... there are 3 things that bring down real estate markets: 1) the economy falls apart, 2) liquidity is withdrawn, and 3) supply overwhelming market - NONE of that has happened."

 

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Fri, 02/08/2013 - 20:42 | 3227739 ShortTheUS
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Kudlow hasn't aged a day. Cool Breeze on the other hand looks like he hit the wall (st.) and the wall (st.) fell on him

Fri, 02/08/2013 - 20:44 | 3227744 Seasmoke
Seasmoke's picture

Wow , look at the price of N.Gas !!!!!

Fri, 02/08/2013 - 20:55 | 3227777 FranSix
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Plus ca change.

Fri, 02/08/2013 - 21:11 | 3227805 Tegrat
Tegrat's picture

I heard 3/22 is the day things get crazy. Try shorting the close of 3/21.


Fri, 02/08/2013 - 21:26 | 3227844 howenlink
howenlink's picture

I've heard a lot of things too.  Problem is not hearing things.  In fact, most of us can hear.  Problem is nobody gives a rats ass about evidence.

Fri, 02/08/2013 - 21:13 | 3227811 q99x2
q99x2's picture

Wish the DHS was still in the same position as it was 6 years ago.

Fri, 02/08/2013 - 21:18 | 3227819 orangegeek
orangegeek's picture

SP500 weekly in 2007 similar to that of today.

 

http://bullandbearmash.com/chart/sp500-weekly-closes-sixth-week-row/

 

Let's see if the Fed stops pouring cash into the markets.

Fri, 02/08/2013 - 21:25 | 3227826 SilverDOG
SilverDOG's picture

shit.

 

Ag 13.90 

 

Almost free.

Fri, 02/08/2013 - 22:19 | 3227900 medium giraffe
medium giraffe's picture

Edit:

On second thoughts, I wish to re-edit my post entirely and reflect up the only real reasonable response (apologies).

 

The cunts.

Fri, 02/08/2013 - 22:09 | 3227955 Yes_Questions
Yes_Questions's picture

 

 

Kudlow:  and since I'm the biggest whore here, a line off MY ASS for everyone.

Fri, 02/08/2013 - 22:21 | 3227975 Robot Traders Mom
Robot Traders Mom's picture

LOL, the 2 yr was pushing 5% then on their ticker...

 

www.TopTheNews.com

 

Fri, 02/08/2013 - 22:37 | 3227985 Number 156
Number 156's picture

Its what we call the the Muppet Show:

http://www.youtube.com/watch?v=vIMwMsY0ndo

Suckers. I only hope we will get more videos like this one when the next big plunge comes.

 

Sat, 02/09/2013 - 11:52 | 3228647 CitizenPete
CitizenPete's picture

Why would this guy record this?   Funny as it is.  Wasn't funy at the time though.  I remember.

Sun, 02/10/2013 - 12:10 | 3230472 Number 156
Number 156's picture

He tried to play the Russell 2000 near the top when he should have parked his money on the sidelines.

No, It wasnt funny at the time. I laugh about it now.

Fri, 02/08/2013 - 22:30 | 3227996 dolph9
dolph9's picture

I get the feeling this is it, people, the last hurrah for the stock "market."

After the next downturn the market will be discredited for decades, if not forever.  If you are an acute observer, you will understand this.

Fri, 02/08/2013 - 22:32 | 3228001 medium giraffe
medium giraffe's picture

Acute? Myopic will do....

Sat, 02/09/2013 - 06:15 | 3228374 Tango in the Blight
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It will only be discredited by humans and be 100% algo driven. They don't know the concept of faith.

Fri, 02/08/2013 - 22:52 | 3228046 Clowns on Acid
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No worries...we are approaching the "Sequester Semester"....

 

 

Fri, 02/08/2013 - 22:59 | 3228061 cliffynator
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I saw Apple at 84.70! And I forgot that I had become sick and tired of hearing "Goldilocks"

Fri, 02/08/2013 - 23:27 | 3228115 rgbensonaz
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CNBS is still alive?  I cancelled cable two years ago.  Starve the beast!

Sat, 02/09/2013 - 00:14 | 3228184 WTFUD
WTFUD's picture

C FLEM BC = TBTF

Fri, 02/08/2013 - 23:29 | 3228120 TheBen
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Check out this one from Kudlow on March 6, 2009--Luskin says stocks are going down 70% from the 666 low.  They really make it too easy.

 

http://www.youtube.com/watch?v=OiZ4et9j7ho

Sat, 02/09/2013 - 00:56 | 3228229 RockyRacoon
RockyRacoon's picture

Don Luskin is one of my favorite contrary indicators.  He's always a day late and a dollar short.  He's an egotistical moron who thinks he's god's gift to witty repartee.

Sat, 02/09/2013 - 03:14 | 3228310 ebworthen
ebworthen's picture

Ditto.

+1

Sat, 02/09/2013 - 09:22 | 3228484 azzhatter
azzhatter's picture

Luskin is a certifiable asshole. Arrogance personified, I keep hoping for Peter Schiff to punch him in the balls on live TV and watch him cry like a sissy

Fri, 02/08/2013 - 23:39 | 3228139 vamoose1
vamoose1's picture

god  help  us   ralph make em poorah    bob  piss on  me    and   i want  to  be  that   cunt   kudlows   sinus   surgeon ....  thats  a   true    trio.

    go  NEMO    MANHATTAN!!!    HARPOON  THE   FUCKER

Sat, 02/09/2013 - 00:01 | 3228146 tahoebumsmith
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Oh Mr. Pudlow, 4 yaears ago we didn't have a handful of robots playing Pattie Cake with themselves. Riddle me this MR. PUDLOW, where did all the APPL money go? Oh into stocks like gmcr just to name a few. You see the big money pulls all the suckers in at the top and then leaves your 72 year old mom taking the hit when they decide it's time to sell in bulk. You FASCIST MOTHERFUCKERS need to go away. Not one person has been jailed for all the CDS, CDO, ROBOSIGNING,LIE-FRICKEN-BOR MANIPULATION? WTF the FASCIST bankers now run this country thanks to a bunch of submissive, bought out milksops in the Congress and Senate. There has been so many crimes commited that the jails should be full! Let the pot growers go and put the real villains behind bars. This Country is completely fucked... Nobody takes responsibility for any actions anymore and the more corrupt it gets, the more they turn their heads. Just look at the charts!!! 4 years ago when the big 5 CRONY Banks were ready to go down they controlled 45% of the financial markets. Well here we are 4 years later after BAILING them out to the tune of 10 TRILLION!!! See the FED report, and now they control 65% of the financial markets??? WT FRICKEN F? Now that the FED has expanded its balance sheet to a mere 3T, they are the biggest too big to fail that controls the other too big to fails... You don't need to be a science rocket to see this was all planned in the first place. A complete takeover from a democracy and now a totalitarian rule set in place run by a few FASCIST FUCKING CROOKS that will pilfer and steal every last dime they can from all the GLOBAL serfs until there is nothing left to steal. Just explain the fact we have double our deficit in 5 yars and got a ngative GDP last month? 6 frickin TRILLION and we can't get out of the red? And please explain the 600 TRILLION dollar derivitive ponzi that will collapse the globe. You corrupt, greedy fascist gamblers have bet my kids future for instant gains. When this shit falls apart I hope my kids line your asses up agaist a wall and.......

Sat, 02/09/2013 - 00:02 | 3228168 Clowns on Acid
Clowns on Acid's picture

a very good rant....

Sat, 02/09/2013 - 04:58 | 3228346 Setarcos
Setarcos's picture

Well put.

Sat, 02/09/2013 - 10:26 | 3228559 samsara
samsara's picture

Standing Clapping. Well put sir.

Sat, 02/09/2013 - 12:44 | 3228716 Stud Duck
Stud Duck's picture

Why put your kids on the spot to do the dirty work, take some of that responsibility your self!  you expect your kids, grandkids to recognize what has happened???

Time for all you arm chair quarterbacks to start lifting the load that your own ignorace has created!

 

Sat, 02/09/2013 - 00:04 | 3228172 bigrooster
bigrooster's picture

I went to dinner tonight with my son.  The bill was $30.06.  I gave the young (new) waitress $40 cash.  So she give me a 10, 5, and five 1's.  I could have been a scumbag and bought a six pack with it...I drink good beer.  Anyways I gave her the extra $10 back and told her to be careful.  I felt very good after that.

Any fucking wallstreet scumbag who enjoys taking 1000's, 100,000's, 1,000,000's, 1,000,000,000's, 1,000,000,000,000's needs to be hung high.

Disclaimer...I had a lot to drink tonight and I have no idea what I am even saying...so fuck you NSA!

Sat, 02/09/2013 - 01:11 | 3228238 Manipuflation
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LOL!  I would expect no less.

Sat, 02/09/2013 - 00:22 | 3228195 WTFUD
WTFUD's picture

Two hot bands to keep an eye on.

Pisani & the PissFlaps

and making his 3rd comeback

Ben & the Printers

Sat, 02/09/2013 - 01:14 | 3228242 cobra1650
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Bob Pisani is a huge steaming pile of shit.

Gold at $668 on the ticker....lol.

Sat, 02/09/2013 - 01:45 | 3228264 Kingkongballs827
Kingkongballs827's picture

PVC Gun Burial Tube. Holds 3 long rifles Ak47, SKS, AR15 plus ammo and gold & silver. Check it out here.

http://www.ebay.com/itm/160965515323?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

 

 

Sat, 02/09/2013 - 03:33 | 3228315 Grand Supercycle
Grand Supercycle's picture

DOW monthly chart shows impending Wile E. Coyote drop.

It doesn't take a genius to realise this chart will end in tears.

Longs please be careful.

http://trader618.com

Sat, 02/09/2013 - 03:39 | 3228318 AbbeBrel
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Yeah yeah what happened back there was just a tragic boating accident.   All you investing tourists - the water is safe, trust me!   Dive right in!   There hasn't been a real Squid sighting in years...  

Sat, 02/09/2013 - 03:50 | 3228322 Dre4dwolf
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Back then people were not paying attention to anything, nowadays people KNOW another crash is on the way, the smart money is sitting on the side-lines waiting to buy up all the stocks of companies that are going to get into the new round of bailouts.

Sat, 02/09/2013 - 05:26 | 3228356 maxblockm
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"Global Synchronous Expansion" = Worldwide Bubble Blowing

Sat, 02/09/2013 - 09:36 | 3228493 SmallerGovNow2
SmallerGovNow2's picture

And now we are in a global synchronous collapse....

Sat, 02/09/2013 - 05:55 | 3228366 geotrader
geotrader's picture

That pump got him and his buddies another 80 points before the melt down.

Sat, 02/09/2013 - 08:04 | 3228419 MyBrothersKeeper
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Have you noticed the internet version of CNBC has been leading with Treasury Bond movements as it's top headline.  Just in case there was any question that this media outlet is following the Obama/Bernanke theme of encouraging the movement out of bonds and into stocks.  All, in my opinion, to make people believe that interest rates may rise sooner than expected....which we all know is complete and utter BS because it detroys the credit metrics related to national debt, inflation etc

Sat, 02/09/2013 - 10:58 | 3228595 TheObsoleteMan
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Actually, it was six years ago this week that the very first sign of what was too come occured. The sub-prime mortage lender New Century lost 45% of it's share price in one day of trading. Too many people were drinking the Koolaid and not paying attention in early 2007. By that August though, they were.

Sat, 02/09/2013 - 11:17 | 3228601 CaptainSpaulding
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I loved CNBC during the Mark Haines days. When he was in charge of the Squawk box along with Joe Kernan and Dave Faber , I never missed an episode. The show made me laugh and think every morning. Mr Haines professionalism shined during the morning of 9-11. Cnbc today? .. Meh, I'll pass

Sat, 02/09/2013 - 12:33 | 3228691 GrinandBearit
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He was less of a schill than most, but still a schill.  I swear the guy had a J&B bottle in his lap while he was on the air.  He used to laugh at Peter Schiff too, especially before the housing bubble popped.

Sat, 02/09/2013 - 18:28 | 3229386 vft2212
vft2212's picture

What is this CNBC you of which you speak?

Sat, 02/09/2013 - 14:53 | 3228960 Herkimer Jerkimer
Herkimer Jerkimer's picture

'

'

'

'

I love it!

 

"The Net Never Forgets!"

 

Why is Pisani still working? Why are any of those bums stilling working?

They can be wrong and wrong and wrong, again and again and again and are NEVER held accountable.

 

And yet, like the very turds they are, they continue to float to the top.

 

 

•J•
V-V

Sat, 02/09/2013 - 15:07 | 3228992 SmoothCoolSmoke
SmoothCoolSmoke's picture

 

Memo to all those on the video:

Fuck you, you fucking fucks.

 

Sincerey yours,,,,,,,,

 

Do NOT follow this link or you will be banned from the site!